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Tips for Selling Your Home Long Distance
Here are some tips for smooth lining the selling process when listing a property that you no longer live in, for whatever reason.
For a major tax break, be sure you've lived in the house as a primary residence at least two of the last five years. If you haven't, then you'll be looking at a tax gain on the sale of an investment property. If you have lived in the home, then the US federal government allows for single homeowners to sell their home without paying taxes on the first $250,000 in gain. For married couples, it's $500,000.
The next most important thing for you to do is to early on get a good, trustworthy agent on board. A local agent is a local resource for you, the seller. If you're renting, these agents can field renter's issues such as leaky faucets or broken garage doors. If you're selling, these agents are going to be priceless for knowing the local market and making sure the property is kept open house ready. Potential buyers are also more open to working with a real person as opposed to internet deals.
Even with a local real estate agent, it won't hurt you to stay on top of what the market is doing in the area where you're selling. Keeping yourself knowledgeable will let you react quickly when an offer to buy does come in. Knowing if what they're offering is high or low is good business. It's the sign of a smart homeowner.
So is taking care of your tenants if you are renting the property. If they've been loyal tenants, you may want to offer them the first opportunity to buy the property when you decide it's time to sell. At the very least you'll want to give them a good lead team to know they'll need to be moving if they aren't interested in purchasing. Keeping them happy should translate to them continuing to take care of your property while they reside there.
If you're looking to sell a house long distance, contact the award-winning real estate agents at Choice Properties for advice on plannign the best possible sale.
Get more advice on listing and selling your home from long distance.
Contact one of our agents today.
